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is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do that so we have a baseline for negotiations. >> well, let's revisit what the debt limit actually is. this is about congress paying the bills for what it has already racked up. the white house has made clear that the president will take a look at the proposal. they said it is e
, the president signed into law. >> there will be no more tax-funded bailouts. period. >> years of spending added up and the debt ceiling talks of 2011 led to a budget standoff between democrats and republicans who had taken back control of the house in the mid-terms. >> is there a risk that the united states could lose its triple-a credit rating, yes or no? >> no risk of that. >> no risk. >> the debt ceiling was raised in august, the political fight and the spotlight on the count row's deficit and debt problems led s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term, now he's stepping down at treasury. the pick to replace him is jack lew, who has established a close relationship with the president. he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fisc
. people forget reagan was able to get tax reform, bill clinton was able to get a balanced budget. certainly a big opportunity for the president but fully aware in the white house, a lot of challenges ahead as well, jenna. >> certainly not challenges for a father. nice to see the first family, ed, and how much the girls have grown up over the last four years. what we're looking at for the president tomorrow besides the hair styles and what everybody is wearing at the inauguration is what is he going to say? what will be the address to the nation tomorrow? you mentioned some policy challenges ahead. what are you hearing about tomorrow's address and how that might set the table, if you will, for the years to come? >> true. what i'm hearing is the state of the union address next month is really where the president will go with a deeper dive on policy, whether it be gun control, immigration reform, the debt ceiling debate. tomorrow's broad scene. his senior advisor will talk about bringing the country together. republicans are saying the early signals they've seen from the president a
Search Results 0 to 5 of about 6 (some duplicates have been removed)